Ford Announces 10-Year High Sales

Shares of Ford F popped higher after the company announced its strongest May in 10 years.

Compared to May of 2013, Ford sold three percent more vehicles (254,084 units). The Lincoln brand led the way as sales jumped 21.1 percent, while Ford brand sales were up 2.5 percent.

SUVs also performed well; 8.2 percent more total units were sold than the same period last year; 9.5 percent more Escapes were sold, 20.7 percent more Explorers were sold and 31.6 percent more Expeditions were sold.

The Ford Edge saw a 20.3 percent drop in demand.

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Of the company’s cars, Fusion, Mustang and Fiesta sales increased year-over-year, while Focus, C-MAX and Taurus sales declined.

Vice President of U.S. Marketing, Sales and Service John Felice commented on the strong report, “Fusion and Escape had their best months ever, which helped us to our strongest May result since May 2004. Explorer continued to gain ground in the midsize utility segment with its best monthly sales performance in nearly 10 years, while Lincoln MKZ saw its best May ever.”

Shares of Ford are up 1.43 percent to $16.67 shortly after the opening bell.

General Motors and Chrysler also announced favorable results.